The phrase “salon studio rent” really tells you everything you need to know about this business model which is sweeping through the beauty and wellness industry. Read on to find out more about a salon studio rental.
We are Hill Country Salon Suites, offering the very best in affordable luxury salon suites in Georgetown, Texas. Call us at 512-380-2500 for more information.
What does a salon studio rent mean?
The phrase in question, salon studio rent, does not say salon but rather salon studio. We are talking about renting one room, a salon studio rental, rather than a traditional building for a salon.
The phrase in question does not say purchase but rather rent, as in low monthly rental payments rather than expensive mortgage payments and expensive upkeep expenses.
Let’s look at it from another direction. Imagine a traditional hair salon, the type we have seen in the U.S. since the 1800s. A retail building, reception desk, waiting room, and multiple workstations beyond the reception desk. That’s how it’s always been in salons, the traditional appearance of salons, functional and large, loud and impersonal in appearance and practice.
Now imagine the traditional salon magically shrunk down to one room, and in that one room there is one beauty professional, you, and you are the owner and the face of the business.
What that means to you.
Have you ever wanted to own a salon? What stopped you? Chances are the major roadblock for you was cost. The beauty of this salon suite business model is how inexpensive it is, affordable for most talented beauticians, and that means dreams coming true for those who just dared to dream in the past.
Things to consider before leasing.
Let’s talk location:
Obviously, you want to choose a location that’s convenient for you and your clients, but here are some other things to consider:
- Aside from the salon itself, what do you like about the area?
- Does your target demographic live, work, or regularly do business in the area?
- Is it a busy area with a lot of foot traffic?
- How are other businesses in the area doing?
- Are there local businesses with a similar demographic?
- Are there local, non-competing businesses you could potentially network or partner with?
Let’s talk amenities. Salon suite rental agencies charge a monthly rental fee, but for most that fee also offers amenities like free utilities and/or free Wi-Fi. What else do they offer? Which is the best option for you? Remember, each free amenity means lower overhead expense.
And, finally, let’s talk about you. Do you have the right stuff to manage a business? Do you have the professional skills, the personality, and the fortitude to make it when the going gets tough? Not everyone has those things and hence, the 30% failure rate. Consider carefully. The grass is not always greener on the other side.
A final word about Hill Country Salon Suites.
Hill Country Salon Suites is locally owned and operated in Georgetown, Texas, the fastest growing salon rental agency in the fastest growing city in the U.S. We welcome all manner of beauty and wellness businesses to our agency, and our list of amenities is the best in the city. Call us today for current rental prices and to speak to leasing agent about a personal tour.
